Stock Chart of the Day: IBB
Biotech ETF IBB has been on a spectacular run since the market selloff, but now the chart is telling us that it looks ready to rest. Intraday today a negative candle pattern is forming at overbought conditions. If this pattern can hold going into the close, we could see a pullback. Two key levels are the old pivot high at $382, and the 50 dma at $370. These areas provide initial targets for the
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